$15.19m in Virtual Assets Recovered by EOCO in Major Financial Crime Operation
The Economic and Organised Crime Office (EOCO) has announced the recovery of US$15.19 million in virtual assets that were concealed across multiple foreign jurisdictions, marking a major breakthrough in the fight against economic and financial crimes.
According to EOCO, the recovery followed extensive investigations into complex financial transactions involving digital and virtual assets. The funds were traced through coordinated intelligence gathering, forensic analysis, and international cooperation with relevant foreign agencies.
Officials say the operation demonstrates EOCO’s growing capacity to track and recover illicit funds within the rapidly evolving digital financial space. The use of virtual assets, including cryptocurrencies, has increasingly been linked to sophisticated financial crimes due to their cross-border nature and perceived anonymity.
EOCO emphasized that the recovery was made possible through collaboration with international law enforcement partners and compliance with global anti-money laundering and counter-terrorism financing frameworks.
The office noted that investigations into the source of the recovered assets and the individuals connected to the transactions are ongoing. No further details were released, as the matter remains under active investigation.
The recovery is being hailed as a significant step in strengthening Ghana’s financial crime enforcement regime and signals the state’s commitment to tackling cyber-enabled economic crimes and safeguarding the integrity of the financial system.
EOCO has encouraged financial institutions, digital asset service providers, and the public to remain vigilant and cooperate with authorities in reporting suspicious financial activities.